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. >> right. it was an election in which president obama, unprecedented for a democrat, actually ran on a platform of raising taxes. he said, i'm going to raise taxes on the top 2% and he was re-elected resoundingly with it. to what ron said, if it's only $14 trillion, what's the big deal, go ahead and let the rich pay it? that's number one. number two, the other thing that's been exposed and what's true, what's always been true about conservativism is that the core principle is the rich don't pay too much, they pay too little. when they say things like broaden the tax base, they think it's a moral hazard to have a progressive tax code. you want a flatter tax code for those with less money pay more into the system. republicans have tried to talk around that because that's anç unpopular thing to tell your tea party base, middle class people, no, we think lower income people and middle income people should pay more. but when we strip away all the rhetoric about job creators and the rest, that is the core of conservativism. rich people should not pay more. they should pay less. poorer
out saying oh, barack obama, he bought votes, i would have won the election if he wouldn't have bought the votes. that's the logo of a guy who just makes excuses. >> so between the change of heart and all the interviews he's doing and the aspiring acting career, some people are saying that it's possible, just possible, that eric is doing all of this just to get attention. >> they couldn't be more correct. of course. who gets a tattoo on their face and isn't looking for attention? >> very thought provoking although perhaps not universally true. like maybe if somebody got a tattoo on their face that said i'm shy. in any event, if it was attention he was looking for, he definitely got it although the romney tattoo will soon fade into nothing but a cheeky memory, eric's place on the "ridiculist," that i promise you, is permanent. that does it for us. see you again one hour from now. erin burnett's "outfront" starts now. >>> 28 days away, what does it take for a deal? and the use of chemical weapons will bring an immediate reaction from the community. our panel, we'll ask them if the
.c.o.r.n. stole the election from president obama. >> that's an eye opener. >> i wonder where they ever got that idea? >> you just have to wait and see what happens. >>> good to have you with us tonight, folks. thanks for watching. here is are the latest. republicans are at a stalemate with the white house for debt negotiations. republicans really only have two options now, bad and worse. "the new york times" is the latest outlet to report on senior republican leaders who are ready to strike a deal. they want to push off negotiations until the debt ceiling vote next year. president obama won't have it. the president is attacking the only leverage republicans have left. the president spoke to a group of ceos today and said that he will not negotiate if debt ceiling is going to be used as a hostage. >> i have to just tell you, that is a bad strategy for america, it is a bad strategy for your businesses, and it is not a game that i will play. so i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggests that they're going t
that they elected obama by a few percentage points, the exit polls also asked, would you like to raise taxes to reduce the deficit, 63% said no. 86% of the ads run for obama were personal attacks on romney. he won a stunning mandate to not be romney. he did not run on the basis he was going to do massive new spending and the kind of tax increases, $1.6 trillion that he's now talking about. and at the same time that obama was elected president, the republican house, which had twice voted for a real budget -- remember, the president's budget he claims he has a mandate for was put up before the house and the democrats all voted against it. in the senate, the democrats didn't want to have anything to do with it. it's a little hard to argue, he had a mandate for something the rest of his party ran away from. >> well -- >> did not run ads on those issues. >> and, of course, it was a bit more complicated than that. but to your point about the exit polls, it's true, most people said that they didn't want tax increases to solve the deficit. what they said -- the majority, was they wanted both balance
president obama and mitt romney's first face to face meeting since the election. >>> and hostess wants to give its top execs nearly $2 million worth of bonuses as thousands of workers are losing their jobs. join our conversation on twitter. find us @newsnation. [ "odd couple" theme plays ] humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>> developing right now, we are about 45 minutes away from a united nations general assembly session that will result in a historic vote on palestinian statehood. there have already been rallies today in the palestinian territories in support of a resolution upgrading the palestinian's u.n. status to a nonmember state. the resolution is expected to win overwhelming approval in the general assembly despite strong opposition by the u.s. and israel. here's israeli
. -election pond time since winning re-election, president obama welcomed the applause of hand-picked supporters and wa his calls tolicans not to ignore is calls to protect middle class households. >> it's time for us to work on >> reportel agreed to, which is allow eep middle class tax cuts for >> tax cuts for households that earn more than $250,000 to in a expire. increase.complicity and tax rate theyease. sted.hey're not interested. >> you're not going to grow the ou raiseif you raise tax rates on the top two rates. smalll hurt small businesses. econill hurt our economy. approach.y this is not the right r: toach. anythis impasse is one of many geithnerreasury secretary tim geithner, mr. obama's lead with t negotiator, will have meetings e bowlesth top congressional thisrs. othpson bowles met with all the ue.yers at both ends of 'mnnsylvania avenue. >> i'm not more optimistic or less optimistic. puthopeful but don't put me e nearnywhere near the optimistic category. tove got a long way to go and a likefew days to get it done. >> lindsey graham from south carolina have offered
programs after his election last month. >> yeah. >> stephanie: obama possesses far more leverage than he did in the budget talks with boner last year. here we go again, right. >> you act like you won or something. >> stephanie: okay. all right. rhone in chicago. >> caller: hi, stephanie. first time caller so i'm glad i get a chance to get in and talk with you. >> stephanie: okay. >> caller: so many things to talk about, but i wanted to talk about the extremism that i see in the republican party. for me i'm an infantry officer, a software engineer. i have gone from voting republican and i lose myself as moderate republican, and conservative democrat somewhere in that -- >> stephanie: in the nuggety center. >> caller: yeah. the way this election has gone it has turned me very much to the left. the way the republicans have acted, they are turned me off from their party all together. >> stephanie: we welcome you into the soft cocoon of socialism. [♪ mysterious music ♪] >> stephanie: go ahead. >> caller: but the democratic party is a a very inclusive party. i don't have
obama for the second straight election. the trio of latino mega donors including eva longoria are launching a new group aimed at mobilizing that energy and enthusiasm. the primary focus is to grow a strong social media presence and help the white house in passing comprehensive immigration reform. they see this has a chance to work with republicans who may be wobbling after losing a second straight presidential loss. >>> the secretary of state is denying she is running for president for 2016 insisting she just needs time off. michael bloomberg has another idea. according to "the new york times," blook called clinton to encourage her to run for mayor in 2013. the call reportedly took place months ago and hillary said thanks but no thanks. this comes as a recent headline from the new yorker editor david riddick declared hillary is running. he reads that conclusion after witnessing secretary clinton as a main speaker at a conference in washington this weekend where he says a slickly produced film on her political career ran like an international endorsement four years in advance o
to move, why the games? >> well, it's not clear that both sides know. the week after the election, president obama was asked do you have to have the higher rates or could we have deductions and credits and he said he was open to negotiations. three weeks later, after thanksgiving, he shows up and all of a sudden there's a line in the sand on rates that had come out of nowhere, so the president seems to be moving the goal posts in a deliberate effort, i don't know, to extract something, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington post" poll believes they should raise taxes on those over $250,000 a year. presumably president obama has seen these polls. s
freedom. in 2008, president elect obama invited john mccain to his chicago offices and mccain got a meeting. and as for mitt romney, he got a meal. the president treated mr. romney to a lunch of southwestern grilled chicken and, wait for it, white turkey chili. white turkey chili. who knew the white house had such a good sense of humor. gotta go everything, thanks, see you tomorrow. >> eliot: good evening. i'm eliot spitzer. this is "viewpoint." the white house confronted republican leaders today with a new vision of how the country should navigate what we at "viewpoint" prefer to call the fiscal slope or austerity bomb. the white house proposal wasn't well received. treasury secretary timothy geithner met with house speaker john boehner and laid out a detailed list from president obama that includes $1.6 trillion in tax increase over ten years. more stimulus spending to boost the economy including home mortgage refinancing and the permanent end to congressional control over the debt ceiling. in return, pr
be good. >> we're going towards the cliff. >> and so what happened is the election happened. obama wins. clearly he ran on raising tax or raising revenue from the top 2%. center piece. republicans are not stupid. they sort of understand that. so they went through a process the day after boehner said revenues but not rates, and some began to drift over, okay, rates, so you have had movement, until friday or yesterday, thursday, when tim geithner goes up there and delivers an ultimatum which is a chest thumping stick in the eye to the republicans. and all the migration suddenly stops and suddenly they get outraged apt are. and so they are back, they are going back to where grover norquist wants them to be because they are outraged because they feel they have been insulted is, that this is not a negotiation t a war. i think what had yesterday from the administration was a bit of negotiation incompetence because they pushed us, the psychological process the republicans were going through, which they have to go through has to be has been pushed way back. >> where do you think we are. >> i'm
.o.p. voters think that acorn stole the election for president obama--acorn. that seems like probably an improvement from the 52% who thought the same thing in 2008. until you remember that acorn no longer exists at all. some republicans have actually gone further off the deepened. rick santorum, for example still smarting from his own party loss and the shellacking from the party that he supports, he has greed to be columnist for "world net daily." you hopefully do not know this. this publishes rivetting stories like america on linen's path to war fair, or of course, you remember this one when animals are afraid they don't pray. well, i would pray if i was rick santorum's animal. maybe he just wants the comfort of being with other crazy towners. heck he's going to
,000 toward president obama's re-election campaign. she held a $40,000 a plate dinner party at sarah jessica parker's townhouse in new york earlier in the fall. she later held lavish fund-raisers, star studded by the way, in london and paris. >> so she's raised all this money and done so much for the obamas, what is she saying? what is vogue saying about this? >> you know, vogue will only officially say that these are still rumors and that she's very happy in her current job. listen, i do know anna wintour a little bit, brooke. and i can tell you that there are people close to her in some circles who would be quite surprised. again, she's the most powerful person in fashion. some have suggested ambassadorial post is a lame duck position that after a couple of years you're out and then what? this is a woman who is a kingmaker in fashion as one publicist said, you can do it without anna but it takes a lot longer. >> alina cho, we wanted to find out what you were hearing, your sources. >>> more information is starting to surface about the events leading up to that murder/suicide involving an nf
you have had the perfect storm. you had hurricane sandy. you had re-election of barack obama. you have people realizing not only is it their second amendment right but they may be in a situation where they need a firearm to protect themselves. they're coming to the realization. it is just caused up tick and a spike. last friday on black friday it was through the roof. >> reporter: according to gallup 43% of women surveyed last year report owning a gun which is a new high. the nra is reporting that over the last four or five years there has been exponential increase in women participating in safety programs and licensing programs and hunting programs. women feel safer knowing how to use guns. i can tell you some of the gun shop manufacturers are starting to market more toward women. you see the pink series what i'm wearing here and the long rifles and some are for breast cancer awareness. jon, back to you. jon: anna koiman live at a gun range in new jersey. interesting. anna, thank you. jenna: a new washington guessing game shaping up over who will replace outgoing secretary of state hi
found yourself on the wrong end of a wave election. people blame barack obama and the state of the economy, health care, what have you. now in 2012 you come back and you beat the guy who beat you and you're back, soon to be, in congress. tell me what lessons you learned in 2012? what was in your mind in a swing state of new hampshire the 2012 election about and what does it carry forward? >> well, first, let me say in 2010 there was a lot of misinformation about health care and about other issues we were voting on. and so people were understandably frightened and now as the health care law is being carried out they recognize that this is a very consumer friendly law. and so that has changed. the issues in this past election the proper role of government, and i was running against the tea partier who wanted to shut down so much of government functions and people recognize that they really do want to have good government. but they do want efficient government and they want to make sure they're watching out for their tax dollars. they do want medicare, social security. they wan
the perfect storm. you've had hurricane sandy, you've had the re-election of barack obama, and you have people realizing that not only is it their second amendment right, but they may be in a situation where they need a firearm to protect themselves. and they're coming to that realization, and it's just caused an uptick and a spike, and last friday, you know, on black friday it was through the roof. >> reporter: according to gallup, 43% of women surveyed last year reported owning a gun which is a new high. the nra reports that over the last four o or five years there's been an exponential increase in women participating in safety classes, licensing programs and women-only hunting programs. some women feel safer just knowing how to use guns. >> i felt like if we were going to have guns in the home, that i should know how the handle them, know if it's loaded, you know? i mean, there's going to be guns in the house, i can't have something that i'm afraid of and don't know what to -- you know, it's dangerous. so i took a class, and i found that i really enjoyed it. >> reporter: and she even knows
. they will argue that they run at the state level, they're elected at the state level. even though the election was close and president obama won and that is what the majority wanted. at the end of the day, i think that notion about fiscal conservative and those notions are ever present for the governor who is are strapped with facing real issues relative to their budgets. i interviewed a governor about implementing obama care in the wake of all this. i think there is -- it's still very, very early to talk about who in the field. but all of these folks in their own right, i think, bring strengths and all that of will -- we're going to have time to met out. they have states to run. >> we got a country to run. >> i want to ask on this. what i heard you say, this deficit reduction, the economic questions, part of what i'm interested in, post '08 the conservative voices that emerge were the limbaughs and the glenn beck rather than elected leaders. what i'm wondering, is there a way in which elected republicans might help to move conservatism towards an actual conservatism as opposed to the social a
because obama clearly sees that he has a mandate out of the election on fiscal cliff issues. even though it wasn't a huge issue in the debate the white house is behaving like it has that mandate. what you have been seeing is republicans showing signs of flexibility and i am not just talking john boehner saying revenue is on the table. we have republican senators saying they will stand up to the grover norquist tax pledge. they're willing to break it which is pretty big news. we also have the influential member of congress, republican tom cole saying we have got to agree to extend the tax cut just for those people making $250,000 and below and letting the more wealthy be taxed. definitely flexibility but what you see from democrats is an unwillingness to do serious entitlement reform that would lead to reductions in spending. they want to kick the can down the road and do more of the next year with the vague promises. dennis: the think republicans will be willing to agree upfront to more tax revenue or higher tax rates as we go without a firm cap on entitlement reform? >> that is the big
that republicans didn't lose the argument against president obama over government in the last election. he says they didn't make it. ted cruz says that the real problem with mitt romney's disastrous 47% quote was that it accepted the notion that some people are rich. some people are poor. and that's how the pie looks. and then you redistribute among them. he's saying no. true conservatism -- and we've heard joe say this around the table -- >> absolutely. >> -- true conservatism means that everybody can do anything and that the republican party's missed that message. that's what they need to turn to. >> it's going to be interesting to see how they do that and if ted cruz becomes sort of the force in this. what do you think? what's your gut, mike? >> he's already offering himself -- he clearly wants to play that role. >> yeah. >> he said last night, i'm something that's not supposed to exist, a hispanic republican. so ted cruz is one of the most interesting parts of this reinvention of the republican party. another part of it, the new emphasis on immigration. >> yes. >> the effort to reach hispan
two years ago and obama decided he didn't want to damage the economy because he was up for re-election. same players, same chest board, and they extend everything two years because they decided the president wanted to save himself and not damage the economy. his position is i don't mind damaging the economy because the two democratic senators who are from -- >> i'm going to ask this a different way. you are a political analyst. you want republicans to survive and thrive. >> pro-taxpayer candidates to survive and thrive. i would like the democrats to take the pledge. >> what do you think the republicans should do? what is a way for them to make a deal with this president who isn't going to give on rates and politically smart and what you consider a fiscally prudent deal? >> i want to stress, either the republicans sit with c-span cameras and say let's stepped the bush tax cuts for a year and let's have fundamental tax reform and here's what it would look like. >> what about extending 98% of the tax cuts if the alternative is raising taxes on 100% people? >> if it is on camera and the pe
backlash against president obama coming out for gay marriage that would hurt him in the election. the opposite happened. even within the african-american community which is very religious and which has a high number of evangelicals you've seen a movement in favor of gay marriage. >> and in fact a lot of the same sex advocates thought maryland wouldn't be among the states. they thought it would be maine and washington but not maryland. maryland wouldn't do it at the ballot box because it's about 30% african-american. maryland did it. >> i'm curious why you think president bill clinton since he has the freedom hillary doesn't, why hasn't he apologized for this stain on his record? >> in 2009 before obama, not a very expansive or hugely heartfelt way, said i'm now for marriage equality. again it was not a big statement. i think he feels like i did that, what more do i have to do. i think doma is such a nasty bit of legislation, codified bigotry, it calls for more robust than that. >> the important divergence that frank is identifying between the two democratic presidents. president
including that one. >> mr. speaker, before the election you were asked whether if obama won, taxes would have to go up. you've made it sound like you would oppose that. now you've -- you're acknowledging that they will. >> the day after the election, i came here and made it clear that republicans would put revenue on the table. as a way to begin to move the process to get this resolved. >> right. so my question is, what -- what message do you have for people who look at the negotiating position and see that it's -- or believe that it's inevitable that you'll have to accept some compromise like the actual rates? >> revenue is on the table. but revenue was only on the table if there were serious spending cuts as part of this agreement. it has to be part of the agreement. we have a debt crisis. we're spending too much. and while we're willing to put revenue on the table, we have to recognize, it's the spending that's out of control. >> mr. speaker, roughly what size spending cuts do you think it would take to reach a deal on the fiscal cliff, and do you think that at least the promise of sp
. >> among our guests this morning, we have ron johnson. at the white house today, president obama will host mitt romney for a private lunch. it's their first meeting since the election. and this his victory speech, obama promised to engage with romney and consider his ideas. >> a lot of people didn't think the lunch would ever happen. >> interesting if he's going to be talking about ideas, mitt romney's idea had been to reach some sort of a cap on it 00 mem deductions. >> he would have just extended the bush tax cuts and then the other stuff would have been -- but if romney had been elected, whether bad long term to extend them, that's one thing, but he would have extended -- this is a weird argument to be having to have everything hinging on on the 2% that are -- suddenly as i've said before, suddenly everybody loves the bush tax cuts. so weird. >> flips the tables on who likes what. >> it all goes back to the line in the band. obama first time around caved and his base never for gave him for extending the bush tax cuts when he said he wouldn't. >> maybe the republicans should be reconside
of the rich paying their fair share, they say 53% of americans voted for that. i saw president obama on television about one month or so before the election saying he was not concerned about the deficit. i have a question. do all of the people on medicaid, that obama put on medicaid, does it come out of the medicaid program? guest: yes, it does. that is why i like paul ryan plan, which limits inflation growth. we find the states do better with exactly what we did on welfare in the 1990's. the great thing about paul's proposal is that it is not new. it has worked before. what is new that -- is that he had the political courage to put it in a package. host: con twitter, alabama, chris -- the gop plan is to create fiscal crisis that can privatize social security and medicare. guest: that is not true. our aim is to expand those programs for future generations. right now, everybody paying in is paying more than their parents and grandparents, and if we do not make changes they will get considerably less. let's sit down and deal with these things. if it is a math problem. we're not talking
." previously covered the 2008 presidential election where he traveled with the obama campaign. nick, i will turn the podium over to you now. >> thank you. let's have everybody take the seat. thank you all, and thank you for coming. i look forward to our discussion this afternoon. instead of doing opening statements from each speaker, i will ask a generic question that can maybe help frame the discussion, and then it will go from there. sarah, i will start with you. we will go in reverse alphabetical order. the question i posed to you is maybe if you could identify the most important lesson that we should draw from the experience of the past five years with respect to the fha, and then part of that i might ask is whether lawmakers and taxpayers should be prepared to accept some level of loss, given the housing recession that we have been through. sarah, i will start with you. >> thanks, and i have to say how much fun is to be back debt cap -- to be back at cap. the big lesson regarding fha is a core concept of the federal housing policy worked. it did not work as well as we like to get,
badly in the election, nobody wants to be seen playing footsie with barack obama under the table which is what they're going to have to do to get this deal done. the republican party is going tond up being blamed which is one of the reasons they will have to compromise more. it's the same thing the democrats did when bush won. you have to compromise with the party that just won. jason johnson, john brabender, thank you thank you both. >>> the new york film critics have made their choices for top films and many times they end up as oscar favorites. all the details next. all the details next. we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative ople are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests we join this loving couple. oh dear... geico. 15 minutes could save you 15% or more on car insurance. i've been fortunate to win on golf's biggest
a month after the jaw dropping pre-rel pre-election image of president obama and governor christie shoulder to shoulder, a time when he promised to help victims quickly. >> i want you to cut through red tape. i want you to cut through bureaucracy. there's no excuse for inaction at this point. >> the white house said the president remains committed. >> there's no question what the president saw on staten island that enormous suffering continues. that's why we're looking at states and localities to continue the effort to assist in the recovery. >> reporter: a top congressional aide tells cnn lawmakers are waiting to see the administration proposal, and an administration official tells cnn the white house is still crunching its numbers. as for chris christie, who is up for re-election in new jersey next year, the top aide to the governor had no comment. just to get to a staggering sum of money we're talking about here, the $80 billion the governors are seeking roughly equal to the amount of money we'd raise in one year from raising taxes on the top 2 percent. so it's a lot of money. >
ought not to be surprised that mr. obama is sticking to his guns. and congressional democrats, like house minority leader nancy pelosi, welcomed the president's plan. >> elections have consequences. the president campaigned-- he made it very clear, he made it very clear that he was supporting a tax cut for the middle class, that he wanted the expiration of the tax cuts for the highnd. and the american people know that debate, they voted for him. >> warner: still, despite all the tough talk, reporter todd zwillich of wnyc and public radio international says there's more movement behind the scenes than meets the eye. >> there does tend to be a pattern to how big negotiations like this go. the fact that they haven't reached an agreement yet doesn't mean they won't before christmas, doesn't mean they won't before new years. there is a value in doing some public posturing and trying to get the public and the media on your side in these negotiations. the speaker may be right, it may be a stalemate right now. but that doesn't mean a stalemate can't be broken. >> warner: there was no word o
presidential election where he travels at the obama campaign. alter the podium over to you now. >> with everybody take a seat. >> thank you all. i'm really looking forward to our discussion this afternoon. instead of doing opening statements, alaskan of a generic question that can help frame the discussion this afternoon and then we will go from there. since sarah, i will start with you in alphabetical order by somebody at the end of the alphabet. the question i pose to all of you is maybe if you could identify which you see as the most important lesson that we should draw from the experience of the past five years with respect to the fha. a part of that and i'd also ask is whether lawmakers and taxpayers should be prepared to accept some level of loss given the deep housing recession we found. i'll start with you. >> i just have to say how much fun it is for me to be back at cap. i think i think the big lesson regarding fha is that a core concept of the federal housing policy if it didn't work as well as we would've liked. it wasn't as nimble as it could've been in the crisis
parliamentary election. thanks to all of you for joining us on the floor. talk about headlines missed. the market practically hugging every word that comes out of washington whether it is president obama making comments, speaker john boehner, harry reid, the market tanks and any signs of disagreement. don't fret, next guest is here to tell you about how to behave in this atmosphere in a way he believes will make you money. joining me now in a fox business should listen. what are you teaching your employees, your traders, what are you telling them to do right now? >> you have to be communicating with your clients, you cannot trade this as an individual trader. you have to be prepared there is a decline, what will happen if congress recesses without a bridge to get us over the fiscal cliff the market will go down precipitously perhaps 1000 points and it will be the markets way to say let's come back, you made the mistake like they did four years ago. tracy: the market dropped 1000 points or what have you, get in? >> to be a generational buying opportunity. this is based on congressional
. this is why president obama is playing to his strengths. the president has never had a problem rallying the american people to his side. >> understand this was a central question in the election. maybe thee central question in the election. we talked about this a lot. >> republicans are furious because they can't control this conversation. americans know where they stand on tax fairness and republicans are on the losing end. it's been a rough week. get your cell phones out. tonight's question, who has the upper hand in the fiscal cliff negotiations at this point? text a for president obama and b for the republicans to 622639. you can go to our blog and leave a comment. we encourage you to do that. i'm joined tonight by sam stein, political reporter for "the huffington post." don't you dare give me a hard time about the packers. who is winning the conversation with the american people? what kind of week was it on the hill? >> you can say the president is winning this conversation at this junction. these things change. a lot of this is posture. when you look at the circumstances that play
and the democrats could get a deal that is acceptable to both i would be very happy, and then obama owns the economy in 2013, and 2014 and then we'll see in the off year elections whether he can keep it. and then we'll see what happens in 2016. martha: erskine bowles made comments about how to put together a deal an basically looked at where the numbers are and he said you have to trim both sides a little bit. he said i see room if here for a deal. do you recommend that kind of compromise, and would it need to involve, in your opinion, only bringing money into revenue through eliminating tax loopholes and not through raising rates? >> what i would like to see done, i'd like to see us lower rates and broaden the base just like the simpson-bowles has it. i would like to see the 1986 tax act then i would love to see spending reductions. you know, a low rate flat tax is not only fair, it's also efficient, it creates prosperity. it's worked every single time and that's what they should do. now how you play it politically, you know, that you have to be on the inside to understand, but i don't mind the rep
romney agreed with obama, that taxes on the high-income folks had to go up. so the challenge on the republican side, and it is tough, is folks like kevin mccarthy did get elected. and in his district, his no-tax pledge worked for him. these guys are in a very tough spot because they know at the end of the day they're going to have to raise these taxes. but doing so will cause an immense amount of political pain. that's why in my view, it's probably likely that we won't get a deal before january 1st. but on january 3rd, the senate sends a bill over. where now we're voting on a bill to lower taxes. the norquist pledge becomes irrelevant. in fact, they comply with the norquist pledge by voting for a bill that would provide tax relief for 98% of americans. so i just think this is a very difficult political situation on the republican side. you know, the speaker clearly knows that revenues have to go up. and he doesn't have the leverage now. and we're back into brinksmanship politics. but bottom line, the cliff is really much more a slope, and we can act on this ideally before jan
the government and they are saying terrorists is responsible. >> president obama is having lunch with mitt romney. the cameras did catch a glimpse of the former republican governor arriving earlier. the white house sit-down is the first face-to-face since the election back on november 6th. governor romney met with his former running mate as well, congressman paul ryan. that happened earlier. those are the headlines right now here in the fox newsroom. back to tracy. tracy: jamie colby, thank you very much. >> reporter: you're welcome. tracy: oil poised to snap a three legs losing streak amid growing hopes that congress and the president can reach an agreement. maybe they know something we don't and potentially avoid the fiscal cliff. sandra smith has details in today's trade. they will think they will get it done, what? >> that's correct. the markets can tell us a lot of things and the markets are telling us maybe a deal will get done. look at the crude oil market up 2%. hear is the weekly chart. going back to the win beginning of the week it was down, down. we had consecutive daily drops in oil.
national cable satellite corp. 2012] >> president obama hosted former governor mitt romney for lunch on thursday. the white house -- they released this photo of their first meeting since the end of the election. governor romney is said to have congratulated the president and the two had a discussion that lasted more than an hour. >> friday on "washington journal," a congressional historian gives a history of the filibuster rule in the senate and explains the changes the senate leader harry reid is pursuing. at 8:00, a guest from political examines key tax credits aimed at families and businesses that would be impacted if congress does not act in the so-called fiscal cliff. "washington journal is live starting at 7:00 a.m. eastern on c-span. >> the program began under a man who was one of the advisers to president franklin roosevelt. to document the conditions under which people were living. this was back when you did not have television. we had radio, but a lot of places did not have electricity so they could not listen to the broadcast to find out what was happening in other parts o
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